The Euro is consolidating after almost 0.6% drop on Thursday (the biggest one-day loss since Feb 13). Stronger than expected US PPI data added to hawkish rate outlook following last week’s hot inflation report and lifted the dollar. Fresh bears found footstep at pivotal Fibo support at 1.0871 (38.2% of 1.0695/1.0981 bull-leg), with stronger bounce […]

The post EUR/USD: Taking a Breather After Strong Fall on Thursday appeared first on Action Forex.

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